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U.S. Auto Sales Growth Slows in Q3 as Consumers Grapple with Rising Costs

Automotive Addicts

Chris Hopson, principal analyst at S&P Global Mobility, highlighted that many consumers are finding it difficult to justify the monthly payments required to finance a new car. The research firm also warns of potential disruptions stemming from a recent strike at East Coast ports, which could create supply chain headaches for automakers.

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The current state of automotive dealership M&A: Focusing on performance optimization

Auto Remarketing

Understanding the reduction in dealership sales As of 2023, the automotive industry has been navigating challenges such as supply chain disruptions, changing consumer preferences, and rising interest rates. What dealer principals should be focused on — is what they can control.

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Changing Auto Buyer Behavior: Tips to Help Dealers Adapt

Automotive Mastermind

Loyalty customers are: An invaluable supply of highly profitable sales Less likely to negotiate More likely to generate service and other fixed ops revenues. Due to this, the immediate and long-term opportunities lost by a loyal customer defecting are significant.

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How the Service Drive Supports Dealership Profitability Across Departments

Automotive Mastermind

This technology allows dealers to identify and engage service customers who are approaching the end of their lease or finance term, or the end of their warranty. As previously mentioned, by maintaining long term customer relationships, the dealership service drive is well-positioned to support future dealership sales.